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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 2,406 $ (4,158)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 15,316 16,195
Amortization of above and below market leases (18) (9)
Amortization of other comprehensive income into interest expense (662)  
Loss on extinguishment of debt 67  
Gain on consolidation of Sponsored REIT (394)  
Gain on sale of properties, net (8,392)  
Changes in operating assets and liabilities:    
Tenant rent receivables (1,105) (87)
Straight-line rents (332) (1,216)
Lease acquisition costs (818) (1,069)
Prepaid expenses and other assets (513) (1,274)
Accounts payable and accrued expenses (3,317) (10,568)
Accrued compensation (2,455) (3,498)
Tenant security deposits 30 (382)
Payment of deferred leasing commissions (908) (3,706)
Net cash used in operating activities (1,095) (9,772)
Cash flows from investing activities:    
Property improvements, fixtures and equipment (11,420) (9,952)
Consolidation of Sponsored REIT 3,048  
Proceeds received from sales of properties 28,098  
Net cash provided by (used in) investing activities 19,726 (9,952)
Cash flows from financing activities:    
Distributions to stockholders (1,033) (42,640)
Proceeds received from termination of interest rate swap 4,206  
Stock repurchases   (4,843)
Borrowings under bank note payable 57,000 45,000
Repayments of bank note payable (30,000) (5,000)
Repayment of term loan payable (40,000)  
Deferred financing costs (2,326) (2,561)
Net cash used in financing activities (12,153) (10,044)
Net increase (decrease) in cash, cash equivalents and restricted cash 6,478 (29,768)
Cash, cash equivalents and restricted cash, beginning of year 6,632 40,751
Cash, cash equivalents and restricted cash, end of period 13,110 10,983
Cash paid for:    
Interest 3,472 2,737
Taxes 86 664
Non-cash investing activities:    
Accrued costs for purchase of real estate assets 4,831 $ 3,766
Investment in related party mortgage loan receivable converted to real estate assets and acquired real estate in conjunction with variable interest entity consolidation $ 20,000